From Policy to Procedure: Vendor Due Diligence
Today’s financial institutions are relying heavily on vendor partners to perform tasks ranging from the mundane to handling critical processes and information, including nonpublic customer information. With this growing trend comes increasingly stringent regulations governing the security of customer data. And, according to the FFIEC, you are responsible for establishing and approving a risk-based policy to govern the vendor process.
An effective vendor management program should provide the organizational framework for management to identify, measure, monitor & control the risks associated with vendor relationships.
For more information or to register: Indiana Bankers Association